Hasbro Inc. Earnings: The Streak is Broken

S&P 500 (NYSE:SPY) component Hasbro, Inc. (NASDAQ:HAS) reported its results for the fourth quarter. Hasbro is a global company that designs, manufactures and markets games and toys to children and families.

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Hasbro Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for the toys and games company fell to $139.1 million ($1.06 per share) vs. $140 million (99 cents per share) a year earlier. This is a decline of 0.6% from the year earlier quarter.

Revenue: Rose 4% to $1.33 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: Hasbro, Inc. fell in line with the mean analyst estimate of $1.06 per share. Analysts were expecting revenue of $1.34 billion.

Quoting Management: “In 2011 we delivered strong growth in our international business driven by continued investments in advancing our global capabilities,” said Brian Goldner, President and Chief Executive Officer. “However, we did not meet our expectations for growth in the U.S. and Canada segment, as we experienced weaker demand than we had anticipated, especially post-Thanksgiving, including challenges in the Games & Puzzles category. We have taken significant steps by putting new leadership and new plans in place to re-accelerate growth and innovation in both of these important areas.”

Key Stats:

The company fell in line with estimates last quarter after missing the mark in the previous two quarters. In the third quarter, it fell short by 3 cents, and in the second quarter, it missed by 5 cents.

Revenue has now gone up for three straight quarters. In the third quarter, revenue rose 4.8% to $1.38 billion while the figure rose 23.1% in the second quarter from the year earlier.

Last quarter’s profit decrease breaks a streak of two consecutive quarters of year-over-year profit increases. Net income rose 10.2% in the third quarter and 33% in the second quarter.

Looking Forward: Over the last 30 days, analysts have not been optimistic about the company’s next quarter performance. The average estimate for the first quarter of the next fiscal year is now 17 cents per share, down from 19 cents. For the fiscal year, the average estimate has moved down from $2.91 a share to $2.76 over the last sixty days.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com